Mar 20, 2014

A Declining Living Standard In America

In order to have the same after tax income as the average guy did in 1947 you would have to earn at least 140,000 dollars a year today. Instead the average non farm worker is getting 43,000 USD a year. So 43,000 dollars a year in 2013 versus 140,000 dollars a year in 1947.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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